Peak Energy, a U.S.-based company developing low-cost, giga-scale energy storage technology for the grid has raised $55 million Series A funding to launch full-scale production of its proven sodium-ion battery technology.
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Xora Innovation, an Early-Stage deep tech investing platform of Temasek, led the round, with significant participation from existing investor Eclipse, strategic partner TDK Ventures, and new investors Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures and DETV-Scania Invest.
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“AI should represent a step forward, not a step backward,” said Landon Mossburg, co-founder and CEO of Peak Energy. “As energy demand grows, we must capitalize on the potential of renewables to provide dependable, inexpensive energy to fuel a new era of technological advancement. Utility-scale storage powered by sodium-ion is the answer to securing this future on a resilient, decarbonized grid.”
“The need for a new utility-scale storage standard is not a decade away, it’s right now,” said Phil Inagaki, Managing Partner & Chief Investment Officer at Xora Innovation. “Peak Energy has assembled a world-class team with unrivaled experience and reputation for delivering clean energy technology at scale, quickly. The timing for this market is exceptional, with Peak Energy poised to become a global leader in sodium-ion storage production and deployment. The team at Peak Energy has been moving at a truly exceptional pace, and Xora looks forward to supporting the company’s ambitious growth plans.”
In addition to Xora Innovation, Peak Energy welcomes new strategic investors including global real estate developer, owner, operator and investor Tishman Speyer, venture capitalist Lachy Groom, Doral Energy-Tech Ventures and DETV-Scania Invest, and TechEnergy Ventures, CVC of Techint, one of the largest LATAM industrial groups. This collective of leading innovators across renewables, real estate development, and AI reflects Peak Energy’s wide-ranging capabilities to revolutionize clean energy for everything from powering commercial buildings in dense urban cities to supplying datacenters with abundant, low-cost energy needed to unlock the future of AI.
“Reinvesting in our future means embracing innovations like Peak Energy’s sodium-ion technology, paving the way for a sustainable and secure energy landscape,” said Anil Achyuta, Managing Director at TDK Ventures. “By supporting Peak Energy, we’re not just investing in a company; we’re investing in a transformative solution that addresses critical challenges in energy storage, enhances national energy security, and propels environmental sustainability forward.”
About Peak Energy
Founded in 2023, Peak Energy is an American venture setting the standard in low-cost, giga-scale storage for the new era of clean, affordable, and reliable energy. Pioneering US-based vertical integration of Sodium-Ion Battery Energy Storage in partnership with leading Independent Power Producers and utilities, it will deploy systems from 2025, alongside a domestic Giga-Battery-Factory by 2027. Peak Energy leadership team is powered by decades of expertise in scaling giga-watt-level innovation at world-class companies such as Tesla, Northvolt, SunPower, Fluence, and Enovix.
